yeah just like a human's head that is it the most frightening pattern in the entire chart book and alcoaf woods what happened during that period europe and china began slowdowns and aluminum came into glut. and worked so hard to execute, couldn't control his own company, not the price of the commodity itself steel is aluminum. over the course of the next few years, able to re-evaluate and much less depend rally off the lows after the completion of the brutal head and shoulders persatterns from a few years before mea culpa. remember and consistency, head and shoulders pattern seeing trouble and inverse head and shoulders pattern signals the opposite at the begin of january 2013 lots of people thought the company was taking off food and drug stocks, you don't need a strong economy and cyclicals. caterpillars, you know the kind of rotation, that kind, that's usually the death nail for stocks that go high whir the economy is slower. however, tim collins, off the chart, says, jim, take a hard look at pfizer because the stock trace tz out of reverse head and shoulders patterns precisely of kin

of twenty seventeen alone this green effort will be a joint venture between their aluminum producer alcoa and their. mining and smelting company called rio tinto now that partnership with alcoa and rio tinto will be called alisa's and based out of quebec now they're hoping to eventually go into future large scale production and commercialize their aluminum process without producing any greenhouse gases at all now this is just one more step that this nor cal company is making to eventually turn there and tire supply chain green just last month we saw apple announce that one hundred percent of its electricity came from renewable sources and that about two dozen of their suppliers have now made the commitment on becoming fully renewable themselves so really cool stuff for the environment there and now on to a different partnership that i think many crunches and wire mentalists probably won't be too thrilled about apple is joining goldman sachs to create a joint credit card yes apple is going into the debtor sphere the move comes as apple is shifting focus off their online services and into r

type change how the alcoa the way to get out but it's unconventional each. exchange to grab us in the end with a little.

the was sacked by the alcoa first but i am not going to go out of the. ladder like thank you i'm. going out on our own on a tiny as selling earn a living or. less than the end of the cold war and. i was told. that the medical staff. or in the film i was. full of women and cattle almost the galil know what i didn't work and. what i meant. there's no our. family saying. this. is held with his head. and accusing russia. ukraine says its own security force.

alcoa, these are the companies we see reaction following in the eu. as much as you expected?hink you are right that the move earlier this year back at the beginning of march, and peopleuary, that is when started to put in positions. after that, maybe they thought an extension would come to the eu and imports themselves, it is not massive. but the eu does have to worry into its own region because the united states is putting up tariffs. everyone of her story about chinese steel and aluminum coming to the country and that might be part of the reaction here. united states essentially protecting itself from becoming a dumping ground for the entire world. chinese steel and aluminum coming to the country and that might be part i want to bring in michael mckee. wilbur.all with trade secretary. we still have 10 hours -- anything will happen in the next 10 hours? >> it doesn't look like it. secretary ross suggested this is a done deal now. progress innot made the last month, they will not in the next 10 hours. ofdid meet with the number officials from the affected countries including

someone that they should have their with and who are under the color so that you can only whether alcoa leave how i live. like a yankee a city with a lot of the hood that in some holy old benny a cool little nevaeh fossil records listing. what. little english is and some a hole a home when your call home day should move us an unethical amount of samira shereen . britain provided the muscle. under which they could simply emigrate i mean they could have immigrated were it not for the british presence. because that. the crucial battle in the early stages was simply getting gears into palestine. and acquiring land they could have done that without british government's. sponsorship. of one hundred. rupee them back again. how to suddenly have all four. going to put up a member of i believe who said to show that. we're not sure for their share friendships neck and many are. and. why would we care you know would be yeah that the country before the year was a year me to death. now that australia would melt the west side why that is the fear for your heart the sun rooney yeah well i'm a liberal y

i think that's a lot of the things we go back to alcoa.hey are the bell weather. >> alcoa >> well, at the beginning of the earnings season, they said that -- -- caterpillar, sorry, hitting the high water mark of the year >> yeah. >> it's a possible theory, it's the company with the high water mark of the year, but, again, this is largely secularly driven, not fundamentals >> even caterpillar tried to clear that up, it's something to watch. we'll ask the questions as well. thank you very joining us, david rosenberg. >> more than an economist these days, company earnings and charts >> ask him about the market -- >> i loved it. >> put on the technical hat. two big interviews in the show in a half hour, we talk with el-erian and stick around to hear from them both. >>> from betting on the market to the courts, supreme court has a major ruling this morning changing sports gambling and many businesses, many sports leagues, college sports nationwide anyway, eric is at headquarters with more. >> that's right. a win for new jersey the supreme court

with someone that they should have their with and who are under the color so that you can all whether alcoa how i live near can look like a yankee a city with a lot of be a little hood than ian somerhalder leo benny a cool little nevaeh dalin on fossil records listing. what. goal in billy's and summer hold a home when they are called alone duration fossil and the colombian army originally . written provided the muscle. under which they could simply emigrate i mean they could have immigrated were it not for the british presence. because that. the crucial battle in the early stages was simply getting gears into palestine. and acquiring land they could have done that without british government's. sponsorship. of one hundred. rupee them again. how to suddenly have. going to put up a member of the show. that. we're not sure for sure friendships nephew men are. why would we care you know would be that the kind of tribute a year was a year for you to. ask in your what method video was sad why that the fear. would be. by the. way the had been well as. other b. of. the ticker song choose silence it

steel moving higher and similar story with aluminum stocks though when it comes to alcoa, it's mixed, it's down about three-quarters of a percent but century aluminum is higher by 3.5%, and bring in the industrials because they utilize a lot of steel. industrials are lower across-the-board talking about caterpillar, deere, honeywell, boeing and of course united technologies investors worry about the rising operating and material costs for these industrial giants. i mentioned tyson and kraft, why are they falling? significantly packaged food and meat stocks including hormel, maker of spam moving lower on mexico's retaliatory measures on everything from pork legs and cheese, there's the kraft, to apples and grapes so with all of this bringing it together what is it going to mean for u.s. businesses both big and small? well, before today's announcement that the tariffs will kick in tonight, the full weight of steel tariffs was already beginning to squeeze some american businesses left and right including our next guest, steel equipment company. the last time we heard from james howard wa

. -- alcoa is down.nies,s of other whirlpool and even sears holdings," costs right -- input costs rising. thea: this says a lot about nasty negotiations or potential failure. scarlet: thank you so much. coming up, a bloomberg exclusive. we speak about why go long on snap. this is bloomberg. ♪ >> you look at a stock with 21% short interest and they have overplayed their hand. at these prices, absolutely. if you want to compare it on any metric to facebook or twitter, daily active users, enterprise value, you will see that snapchat going to ipo is the most expensive of the social media stocks. at the same time, they have captured more the zeitgeist. it is being lost on wall street rate. of that is because of their small, but very engaged user base. the push back is that the user base can be fickle. they are young. the minute a new platform comes on, they may flee to that. more of it -- facebook is a $500 billion company. they are fickle, but the amazing part about it is, generations he, when you hear zucke

only alcoa, however is down just a fraction.tors will you look at that that's a 10% gain its best day since 2010. why? softbank is investing over $2 billion in gm's self-driving unit. that's the way of the future, says gm. look at this headline from the wall street journal. it reads, the year politics collapsed and it was written by our guest, dan henninger. dan? you're totally wrong. >> [laughter] >> we'll be right back. >>stuart: your story is that politics started to collapse as we know it in 1968. now, it was surely 2016, 2017, 2018 in the era of trump but i'll let you make your case. >> well speaking of trump, we are talking about 1968 because 2018 is the 50th anniversary of 1968 so it's time to look back. three interesting things happened in 1968. bill clinton graduated from georgetown university, george w. bush graduated from yale, and donald j. trump graduated from p enn. after that it was all downhill. >> [laughter] >>stuart: now that is a serious analysis of when politics fell apart. >> the country was coming apart at